Orlando city, Florida Rental Market Trends
Any shifts in rent prices brought forth by the COVID-19 pandemic are not yet reflected in the statistics on this page. Please bear this in mind when referencing the data below, as it may not accurately describe the current context of the Orlando city, Florida rental market.
An apartment for rent in Orlando city, Florida typically goes for $1,435 per month, while a single-family home for rent in Orlando city, Florida has a monthly cost of around $1,984. Renter-occupied units make up 65% of the local housing market, while the rental vacancy rate in Orlando city, Florida is at 7.6.
Orlando city, Florida
Average Apartment Rent
Y-o-Y Change in Apartment Rent
Average Single Family Rent
Compared to a year ago, Orlando city, Florida apartments have recorded a 2.14% rent increase.
Orlando city, Florida |Median apartment rent trend
Orlando city, Florida| Average apartment rent by city
Orlando city, Florida | Apartment rent ranges
At 55.2%, apartments priced $1,000 - $1,500 represent the bulk of Orlando city, Florida rentals, while condos priced $500 - $700 hold the lowest share of the market – 0.44%.
Orlando city, Florida | Housing tenure
Renters take up 65% of Orlando city, Florida real estate, occupying a total of 72,478 units, while homeowners live in 39,196 properties.
Median number of rooms of renter-occupied housing units
Renter Median household income
Average household size of renter occupied-housing units
Rental vacancy rate
Orlando city, Florida | Renter-occupied housing units by no. of bedrooms
There are 30,205 rentals in Orlando city, Florida with 2 beds making up the highest share of the market, at 42%. Units with 4 beds, on the other hand, hold the lowest percentage (3%), amounting to 2,507 units. Overall, the median number of rooms in Orlando city, Florida homes for rent is 4.1.
Orlando city, Florida |Renter-occupied units by age of householder
Most condos for rent in Orlando city, Florida are occupied by residents in the 25 - 34 years age group (35%), followed by those in the 35 - 44 years age group (22%). At the same time, people in the 85 years and over age group make up the lowest share of the local rental market – 1%.
Orlando city, Florida | Renter-occupied housing units by family type
Orlando city, Florida | Renter-occupied housing units by the presence of own children
A total of 35,790 apartments for rent in Orlando city, Florida, or 49% of all rentals are family households. Additionally, 29% of rental homes include children under the age of 18 – that’s 20,841 units. All in all, the median size of a renter-occupied household in Orlando city, Florida is 2.4.
Orlando city, Florida | Renter-occupied housing units by educational attainment
In terms of education, renters holding bachelor degrees or higher make up 33% of the rental market. In contrast, residents with less than a high school degree reside in 10% of the homes for rent in Orlando city, Florida.
Orlando city, Florida | Renter-occupied units by year structure built
The highest share of Orlando city, Florida apartment rentals, namely 20% or 14,604 units, were built 1980 - 1989, followed by those built 1990 - 1999 (20%, 14,528 units), and the ones built 2000 - 2009 (20%, 14,489 units).
Orlando city, Florida | Renter-occupied units by year householder moved in
Median year renter moved into unit2014
Most Orlando city, Florida renters (50%) moved in 2010 to 2014, while only 1% of them moved in 1990 to 1999. Overall, the median year renters have occupied their Orlando city, Florida condos for rent is 2014.
Orlando city, Florida | Renter-occupied housing units by vehicles available
When it comes to transportation options, 53% of Orlando city, Florida renters have 1 vehicle available per household, 29% of them have 2 vehicles available, and 11% have no vehicle available.
Orlando city, Florida | Means of transportation to work of householders living in renter-occupied housing units
Orlando city, Florida |Geographical mobility in the past year for householders living in renter-occupies housing units
Orlando city, Florida | Average apartment rent by zip codes
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Orlando city, Florida apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.
Average single family rent calculated from point2homes.com data.
Exceptions: Data sourced from U.S. Census Bureau; American Community Survey, 2018 American Community Survey 5-Year Estimates